Reported Earnings • Mar 27
Full year 2025 earnings released: US$0.007 loss per share (vs US$0.002 profit in FY 2024) Full year 2025 results: US$0.007 loss per share (down from US$0.002 profit in FY 2024). Revenue: US$1.66b (up 4.1% from FY 2024). Net loss: US$24.2m (down 489% from profit in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2026 JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 09
JS Global Lifestyle Company Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 JS Global Lifestyle Company Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Dec 20
JS Global Lifestyle Company Limited Announces Change of Company Secretary, with Effect from December 19, 2025 The board of directors of JS Global Lifestyle Company Limited announced that Ms. SUEN Ka Yan ("Ms. SUEN") has tendered her resignation as the company secretary of the Company (the "Company Secretary") and has ceased to act as an authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and a process agent for the acceptance of service of process in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and for the acceptance of service of process and notice on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules (collectively, the "Process Agent") with effect from December 19, 2025. The Board further announced that, following the resignation of Ms. SUEN, Ms. CHU Ka Ying ("Ms. CHU"), who possesses the requisite professional qualification and the relevant experience as required under Rule 3.28 of the Listing Rules, has been appointed as the Company Secretary, the authorized Representative and the Process Agent with effect from December 19, 2025. Ms. CHU holds a Bachelor Degree in Business Administration and a Master Degree in Corporate Governance. She has solid experience in company secretarial field gained from both listed companies and professional firms in Hong Kong. She is an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom, and she has joined the Company since April 2025. Reported Earnings • Aug 31
First half 2025 earnings released: US$0.017 loss per share (vs US$0.006 profit in 1H 2024) First half 2025 results: US$0.017 loss per share (down from US$0.006 profit in 1H 2024). Revenue: US$774.1m (up 4.2% from 1H 2024). Net loss: US$59.2m (down 372% from profit in 1H 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 19
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.74b to US$1.75b. EPS estimate increased from US$0.022 to US$0.024 per share. Net income forecast to grow 1,208% next year vs 25% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target broadly unchanged at HK$2.13. Share price rose 16% to HK$2.06 over the past week. Announcement • Aug 09
JS Global Lifestyle Company Limited to Report First Half, 2025 Results on Aug 29, 2025 JS Global Lifestyle Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (HK$628m sold). Major Estimate Revision • Jun 14
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.02 to US$0.023. Revenue forecast steady at US$1.74b. Net income forecast to grow 1,150% next year vs 25% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target up from HK$2.00 to HK$2.14. Share price rose 2.0% to HK$2.02 over the past week. Reported Earnings • May 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$0.002 (down from US$0.015 in FY 2023). Revenue: US$1.59b (up 12% from FY 2023). Net income: US$6.21m (down 88% from FY 2023). Profit margin: 0.4% (down from 3.6% in FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$0.50. Revenue: US$1.59b (up 12% from FY 2023). Net income: US$6.21m (down 88% from FY 2023). Profit margin: 0.4% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Consumer Durables industry in Hong Kong. Announcement • Mar 28
JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2025 JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2025. Announcement • Mar 17
JS Global Lifestyle Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 JS Global Lifestyle Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Jan 22
JS Global Lifestyle Company Limited Provides Earning Guidance for the Year Ended December 31, 2024 JS Global Lifestyle Company Limited provided earning guidance for the year ended December 31, 2024. For the period the company is expected that the profit from continuing operations of the Group for FY2024 would be no less than USD 8.1 million December 31, 2023 USD 70.3 million, representing a decrease of no more than 88.5% as compared to the same period of last year. Recent Insider Transactions • Jan 17
CEO, Chairman & Founder of Joyoung recently bought HK$404m worth of stock On the 15th of January, CJ Xuning Wang bought around 266m shares on-market at roughly HK$1.52 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. CJ Xuning has been a buyer over the last 12 months, purchasing a net total of HK$404m worth in shares. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.42, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 88% over the past three years. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Recent Insider Transactions • Jan 07
CEO, Chairman & Founder of Joyoung recently bought HK$467k worth of stock On the 2nd of January, CJ Xuning Wang bought around 336k shares on-market at roughly HK$1.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was CJ Xuning's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.57, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 89% over the past three years. Reported Earnings • Aug 31
First half 2024 earnings released: EPS: US$0.006 (vs US$0.01 in 1H 2023) First half 2024 results: EPS: US$0.006 (down from US$0.01 in 1H 2023). Revenue: US$743.0m (up 30% from 1H 2023). Net income: US$21.8m (down 37% from 1H 2023). Profit margin: 2.9% (down from 6.0% in 1H 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 53% per year whereas the company’s share price has fallen by 57% per year. Announcement • Aug 20
JS Global Lifestyle Company Limited to Report First Half, 2024 Results on Aug 29, 2024 JS Global Lifestyle Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 24
Js Global Lifestyle Company Limited Appoints Maximilian Walter CONZE as Independent Non-Executive Director JS Global Lifestyle Company Limited at its EGM held on May 22, 2024, approved the appointment of Mr. Maximilian Walter CONZE as an independent non-executive director of the Company. Announcement • May 23
JS Global Lifestyle Company Limited Announces Executive Changes, Effective from 27 May 2024 JS Global Lifestyle Company Limited announced that Ms. KWAN Man Ying has tendered her resignation as the company secretary of the Company and has ceased to act as an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 27 May 2024. The Board further announced that Ms. SUEN Ka Yan has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 27 May 2024. Ms. SUEN is an assistant manager of SWCS Corporate Services Group (Hong Kong) Limited. She has over 7 years of professional experience in corporate secretarial field and has been providing corporate secretarial services to both listed and private companies incorporated in Hong Kong and overseas. Ms. SUEN is a member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Reported Earnings • May 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: US$0.015 (down from US$0.025 in FY 2022). Revenue: US$1.43b (down 3.2% from FY 2022). Net income: US$52.0m (down 40% from FY 2022). Profit margin: 3.6% (down from 5.8% in FY 2022). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.44, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.15 per share. Buy Or Sell Opportunity • Apr 09
Now 24% overvalued Over the last 90 days, the stock has fallen 6.6% to HK$1.41. The fair value is estimated to be HK$1.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Mar 29
JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2024 JS Global Lifestyle Company Limited, Annual General Meeting, May 22, 2024. Reported Earnings • Mar 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: US$0.015 (down from US$0.097 in FY 2022). Revenue: US$1.43b (down 72% from FY 2022). Net income: US$52.0m (down 84% from FY 2022). Profit margin: 3.6% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Announcement • Mar 19
JS Global Lifestyle Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 JS Global Lifestyle Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Recent Insider Transactions • Feb 02
Independent Non-Executive Director recently bought HK$128k worth of stock On the 26th of January, Xianxiang Yang bought around 100k shares on-market at roughly HK$1.28 per share. This transaction increased Xianxiang's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$818k more in shares than they have sold in the last 12 months. Announcement • Feb 01
JS Global Lifestyle Company Limited Provides Group Earnings Guidance for the Year Ended December 31, 2023 The board of directors of the JS Global Lifestyle Company Limited wishes to inform shareholders of the Company and potential investors that, based on the preliminary information, it is expected that the profit from continuing operations of the Group for the year ended December 31, 2023 would be not less than USD 70 million (2022 (restatedNote 1): approximately USD 111.5 million), representing a decrease of approximately 37.2% as compared to the same period of last year. The expected decrease in the profit from continuing operations is mainly attributable to: (1) the significant increase in the one-off professional service fees as a result of the spin- off and distribution-in-specie of all shares of SharkNinja Inc. held by the Company and other related matters; (2) the increase in sales and marketing expenses for the expansion of the Asia Pacific market, including strengthening the promotion of brand image and consumer awareness through different media channels, enhancing omni-channel distribution capabilities, expanding sales team and promoting core products and new products, etc.; (3) the increase in human resources costs to complement the overall expansion of the Asia Pacific market; and (4) the impact on the Group's China market business due to unfavorable factors such as intensified competition in the industry, accelerated changes in channels, changes in the structure of revenues from domestic and overseas sales, and unstable revenues from advantageous categories. Announcement • Dec 18
JS Global Lifestyle Company Limited(SEHK:1691) dropped from FTSE All-World Index (USD) JS Global Lifestyle Company Limited(SEHK:1691) dropped from FTSE All-World Index (USD) Major Estimate Revision • Sep 21
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from US$1.25b to US$1.32b. EPS estimate increased from US$0.022 to US$0.025 per share. Net income forecast to shrink 71% next year vs 46% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target down from HK$6.48 to HK$5.52. Share price was steady at HK$1.31 over the past week. Major Estimate Revision • Sep 07
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$3.20b to US$2.72b. EPS estimate fell from US$0.056 to US$0.048 per share. Net income forecast to shrink 62% next year vs 49% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target down from HK$7.63 to HK$6.89. Share price was steady at HK$1.12 over the past week. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.039 per share at 6.9% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 2.6% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.7%). Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.039 per share at 6.9% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 2.6% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.7%). Announcement • Sep 01
JS Global Lifestyle Company Limited Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on 28 September 2023 JS Global Lifestyle Company Limited announced interim dividend of HKD 0.392 per share for the six months ended June 30, 2023. Dividend payable on 28 September 2023 and record date of 15 September 2023.Ex-dividend date is 13 September 2023. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: US$0.01 (vs US$0.048 in 1H 2022) First half 2023 results: EPS: US$0.01 (down from US$0.048 in 1H 2022). Revenue: US$573.6m (down 74% from 1H 2022). Net income: US$34.5m (down 79% from 1H 2022). Profit margin: 6.0% (down from 7.3% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 41% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Hong Kong are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Announcement • Aug 22
JS Global Lifestyle Company Limited to Report First Half, 2023 Results on Aug 31, 2023 JS Global Lifestyle Company Limited announced that they will report first half, 2023 results on Aug 31, 2023 New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 48% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings are forecast to decline by an average of 48% per year for the foreseeable future. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Buying Opportunity • Jun 30
Now 65% undervalued after recent price drop Over the last 90 days, the stock is down 83%. The fair value is estimated to be HK$3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Announcement • Jun 10
JS Global Lifestyle Company Limited (SEHK:1691) commences an Equity Buyback Plan for 349,461,227 shares, representing 10% of its issued share capital, under the authorization approved on May 22, 2023. JS Global Lifestyle Company Limited (SEHK:1691) commences share repurchases on June 9, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 22, 2023. As per the mandate, the company is authorized to repurchase up to 349,461,227 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Memorandum and Articles of Association of the company, and any other applicable laws of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at May 22, 2023, the company has 3,494,612,277 shares in issue.
On June 6, 2023, the company announced a share repurchase program. Under the program, the company will repurchase HKD 400 million worth of shares. The company will subsequently cancel the bought shares. The purpose of the program is to enhance the value of the shares and improve return to the shareholders. Announcement • Jun 09
JS Global Lifestyle Company Limited (SEHK:1691) acquired Mann And Noble Pty Ltd JS Global Lifestyle Company Limited (SEHK:1691) acquired Mann And Noble Pty Ltd on June 7, 2023. Recent Insider Transactions • Jun 09
Independent Non-Executive Director recently bought HK$690k worth of stock On the 1st of June, Xianxiang Yang bought around 100k shares on-market at roughly HK$6.90 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$0.097 (down from US$0.12 in FY 2021). Revenue: US$5.04b (down 2.1% from FY 2021). Net income: US$332.3m (down 21% from FY 2021). Profit margin: 6.6% (down from 8.2% in FY 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$7.85, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to HK$10.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$17.84 per share. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 18% share price gain to HK$8.67, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 39% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Yuan Ding was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 18% share price gain to HK$7.47, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$6.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 57% over the past year. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: US$0.048 (vs US$0.057 in 1H 2021) First half 2022 results: EPS: US$0.048 (down from US$0.057 in 1H 2021). Revenue: US$2.23b (flat on 1H 2021). Net income: US$163.9m (down 15% from 1H 2021). Profit margin: 7.3% (down from 8.6% in 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in Hong Kong. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$8.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 46% over the past year. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: US$0.048 (vs US$0.057 in 1H 2021) First half 2022 results: EPS: US$0.048 (down from US$0.057 in 1H 2021). Revenue: US$2.23b (flat on 1H 2021). Net income: US$163.9m (down 15% from 1H 2021). Profit margin: 7.3% (down from 8.6% in 1H 2021). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 16% share price gain to HK$10.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 51% over the past year. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). President & Director of Joyoung and Chairwoman of SharkNinja (China) Technology Co., Ltd. Ningning Yang is the most experienced director on the board, commencing their role in 2010. Independent Non-Executive Director Timothy Warner was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Apr 12
Executive Chairman & CEO recently bought HK$15m worth of stock On the 7th of April, Xuning Wang bought around 2m shares on-market at roughly HK$9.49 per share. This was the largest purchase by an insider in the last 3 months. Xuning has been a buyer over the last 12 months, purchasing a net total of HK$29m worth in shares. Reported Earnings • Mar 30
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.12 (up from US$0.10 in FY 2020). Revenue: US$5.15b (up 23% from FY 2020). Net income: US$420.5m (up 22% from FY 2020). Profit margin: 8.2% (in line with FY 2020). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 19% growth forecast for the industry in Hong Kong. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 23% share price gain to HK$7.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$7.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 64% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$10.18, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$11.72, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$12.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 18% share price gain to HK$17.08, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 9.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$33.71 per share. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$14.66, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 12% over the past year. Recent Insider Transactions • Sep 22
Executive Chairman & CEO recently bought HK$9.0m worth of stock On the 16th of September, Xuning Wang bought around 562k shares on-market at roughly HK$16.01 per share. This was the largest purchase by an insider in the last 3 months. This was Xuning's only on-market trade for the last 12 months. Reported Earnings • Sep 01
First half 2021 earnings released: EPS US$0.057 (vs US$0.025 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$2.24b (up 48% from 1H 2020). Net income: US$193.4m (up 137% from 1H 2020). Profit margin: 8.6% (up from 5.4% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$17.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 140% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$21.10 per share. 